Jony Ive’s design firm LoveFrom is merging with OpenAI through the acquisition of his new venture, io, for $6.5 billion. The io team, known for their expertise in developing inspiring AI hardware products, will collaborate closely with OpenAI's research and engineering teams. This strategic merger aims to innovate and expand AI product offerings while Jony and LoveFrom will retain independent design responsibilities across the companies. The team behind io consists of design and engineering veterans from Apple, reflecting a strong potential for impactful future products.
Now, the rumors are reality. OpenAI is acquiring io for $6.5 billion. The io team will now merge with OpenAI to work more intimately with the research, engineering and product teams.
It became clear that our ambitions to develop, engineer and manufacture a new family of products demanded an entirely new company. And so, one year ago, Jony founded io.
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